But there is a $100B+ (and growing) bounty to crack satoshi's Bitcoin wallets. The higher the bounty grows, the more urgent it is to break Bitcoin to claim Satoshi's wallet.
(Unless Bitcoin forks into a quantum-resistant hashing method).
That's like saying there's a $100T+ bounty on robbing the IMF. Bitcoin is backed by nothing, if you pull out a Jenga block that big then the whole thing is tits up worthless.
It will also (incidentally) make you the enemy of some particularly powerful people with connections to criminal networks.
Aren't the hash functions bitcoin uses already quantum resitant?
> Well quantum computing's only economically valuable use-case is cracking RSA and other weak quantum-vulnerable cryptography.
The exciting use case is simulating quantum systems for physics & chemistry research. Cracking RSA is mostly a meme use case since the moment it looks like someone is about to get one everyone immediately switches algorithms.
Otoh, afaik either it wasn't like this in the satoshi era or satoshi revealed the public key. In any case, satoshi's wallets are crackable by qc.
As long as there's unaudited exchanges minting so called stable coins at will. The entire crypto sphere is valuated fully devoid from any actual underlying fundamental. Cracking a wallet could be the catalyst for its undoing but it could also be something else or nothing at all.
The moment there is good reason to believe Bitcoin's on-chain accounts are vulnerable, there will be a run on the whole chain.
Nobody will buy more Bitcoin, and Bitcoin holders will be competing with every other holder to sell what they have.
Bitcoin's value will go to zero, quickly/instantly.